Frontier Lithium (CVE:FL) Shares Up 1% - Here's Why

Key Points

• Frontier Lithium Inc. shares increased by 1% during trading, reaching C$0.50, though trading volume fell by 69% from the average.
• BMO Capital Markets has set a price target of C$0.75 for the stock, with a consensus rating of "Hold" and an average price target of C$1.63.
• The company, with a market cap of C$111.62 million, is focused on the acquisition and development of mining properties, notably the PAK Lithium project in Ontario, Canada.

Frontier Lithium Inc. (CVE:FL - Get Free Report)'s share price shot up 1% during trading on Monday . The company traded as high as C$0.50 and last traded at C$0.50. 33,835 shares traded hands during trading, a decline of 69% from the average session volume of 107,798 shares. The stock had previously closed at C$0.50.

Analysts Set New Price Targets

Separately, BMO Capital Markets set a C$0.75 price objective on Frontier Lithium and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of C$1.63.

Frontier Lithium Price Performance

The company has a quick ratio of 5.19, a current ratio of 4.15 and a debt-to-equity ratio of 0.12. The company has a market cap of C$111.62 million, a PE ratio of -5.40 and a beta of 1.35. The stock has a 50-day simple moving average of C$0.52 and a 200 day simple moving average of C$0.55.

About Frontier Lithium

Frontier Lithium Inc engages in the acquisition, exploration, and development of mining properties in North America. Its flagship property includes the PAK Lithium project, which covers approximately 27,415 hectares comprising three mining leases and 1,258 contiguous mining claims located in northwestern Ontario, Canada.

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